Italy: A New Cybercrime Court Complex To Be Built Close To Fleet Street

The City of London Corporation, HM Courts and Tribunal Services
(HMCTS), the Ministry of Justice and senior judges are backing the
plan to build a specialist court which will principally focus on
the rising "new age" crimes of cybercrime and financial
fraud in all its variations. The court will also hear criminal and
civil cases that are, at present, heard at the various City of
London courts.

The new major complex will be built close to Fleet Street and
comprise of 18 court rooms and will represent a significant
investment costing many millions to create. The project will
achieve a number of objectives however, initially it is hoped that
it will strengthen the City of London's reputation and long
history as both a legal and financial centre of excellence after
Brexit. It will focus legal expertise in a concentrated area of
London incorporating The Royal Courts of Justice, the Rolls
Building (the vast majority of commercial case are heard there),
the Central Criminal Court (The Old Bailey) and the Inns of Court.
In addition it is the intention to bring the justice system into
the modern age by use of digital services the HMCTS intends to
channel high volume cases into a digital system in an attempt to
move away from a paper based system making the new court part of
the planned Ł1billion renovation and digitalisation of the
legal system.

A significant number of the workforce in the City of London are
in legal services, amounting to around 44,000 jobs. The uncertain
waters which will inevitably follow in the wake of Brexit compels
the government to do all it can to maintain London's global
status as a leading edge financial and legal centre.

Inevitably, not everyone will be happy, as outside the capital a
considerable number of historic courts have shut their doors in the
drive for centralised efficiency. The necessity of retaining and
enhancing London's reputation will supersede the desire to
cling to heritage sites.

With leading legal players commenting thus in the Guardian
today:

Catherine McGuinness, head of policy at the City of London
Corporation, said: "Our legal system has been an example to
the rest of the world.

"This proposal will make sure London continues to set
the highest legal standards domestically and internationally. Our
rule of law is one of the many reasons why London is the number one
financial centre in the world and this new court will add to our
many existing strengths."

The justice minister Dominic Raab said: "This new
flagship court will build on UK legal services' unique
comparative advantage by leading the drive to tackle fraud and
crack down on cybercrime. By reinforcing the City's
world-leading reputation as the number one place to do business and
resolve disputes, it's a terrific advert for post-Brexit
Britain."

Susan Acland-Hood, chief executive of HMCTS, said: "The
court will be fully equipped with 21st-century technology, and will
be a world-leading centre for economic and cybercrime, as well as
working across other activity and jurisdictions."

The lord chief justice, Sir Ian Burnett, said: "I'm
delighted by the City's announcement today, which underlines
its commitment to delivering justice in the City ... The judiciary
looks forward to working with the City and HMCTS to make this a
reality."

Giambrone welcomes any innovations that enhance and improve the
possibility of successfully pursuing financial fraud in the
courts.

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guide to the subject matter. Specialist advice should be sought
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Interest in cryptocurrencies has grown significantly since the inception of bitcoin in 2009. Cryptocurrencies are widely regarded as the next evolution in financial services technology.

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